Originally Posted by Damien

Metaverse is a diaster.

But also the tech industry has been in a bit of a bubble for a while and advertising will decline in a recession. Not a surprise really. Facebook/Twitter/Google all make speculative bets on things and staff up for them without a clear idea of how they'll make a profit, such as Metaverse, and cheap money will be hard to come by with interest rates going up.

There is a reason why Apple, who never do anything unless they know they can make a lot of money from it right now, are not seeing as big a drop as the rest of the industry in their share price.